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Sanathan Textiles’ arm inks pact to acquire 26% stake in Serentica Renewables India 33
Mar-25-2026

Sanathan Textiles’ wholly owned subsidiary -- Sanathan Polycot (SPPL) has entered into a Share Subscription and Shareholders’ Agreement (SSSHA) and a Power Supply and Consumption Agreement (PSCA) to acquire 26% stake in Serentica Renewables India 33, a subsidiary of Serentica Renewables India, in tranches, for sourcing renewable power as a captive consumer for a contracted capacity of 32 MW.

The cost of said acquisition is Rs 48 crore, payable by SPPL towards acquisition of equity shares of the Serentica Renewables India 33. The primary objective of the acquisition is to secure long-term cost-effective supply of renewable power for the manufacturing operations of the SPPL. The aforesaid investment will allow SPPL to secure long term power supply in accordance with the Captive User Framework. It also aligns with the company’s sustainability goals, including reducing the emissions intensity of its operations, along with potential long-term energy cost optimisation.

Sanathan Textiles operates three distinct yarn business divisions - polyester yarns, cotton yarns, and yarns - for technical textiles and industrial applications. These divisions are currently managed under a single corporate entity.

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